Amex Cobalt Card
American Express
Annual fee
CA$191.88
Rewards rate
5%-1%
Welcome Bonus
15,000 Membership Rewards points
Apply Now →on American Express's website
- 5%Points on eligible eats & drinks
- 3%Points on eligible streaming subscriptions
- 1%Points on all other purchases
Welcome Bonus:
Earn 1,250 points for each monthly billing period in the first year where you spend at least $750.
Reward Rate:
Earn 5 points for every $1 on eligible eats & drinks.
This card shines for its exceptional earning potential, particularly in the dining category, allowing cardholders to rack up points quickly and redeem them flexibly for travel or statement credits.
Pros:
- High points earning on dining
- Flexible redemption options
Cons:
- High annual fee
- Spending requirement for bonus
The Amex Cobalt Card is particularly suitable for individuals who frequently dine out and are looking to maximize their rewards through a high earning rate in this category, alongside flexible redemption options. With its annual fee and strong welcome bonus, it may appeal to those who can leverage the card's benefits effectively while managing the associated costs.